Stage Completions Inc. Announces New Record-Setting Completion Time and Frac Intensity in the Eagle Ford Basin of South Texas

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Using the Stage Completions’ Bowhead II, an astonishing 117 stages were fractured in record time

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Stage Completions Inc. (“Stage” or the “Company”), the leading innovator in single-point entry fracturing technology, announced today that the company has set a new operational record in the Eagle Ford Basin of South Texas with the deployment and fracture stimulation of 117 stages in a single well.

The new record comes from operations for a single well in the Eagle Ford Basin of South Texas, a key shale play in the United States. The operations launched on April 24, 2017, fracturing 117 intervals with the Bowhead Technology in a record time of 160 hours and successfully stimulated with 11.6 million lbs (5,800 ton) of sand, 361,000 bbl (57,394 m3) of fluid, maximum sand concentration of 4.7 ppg (563 kg/m3) and 42 bbl/min (5 m3/min) average rate, breaking its record number of stages in a single well without requiring Coiled Tubing or Wireline.

An advanced acoustic and pressure monitoring system installed on the wellhead was employed to confirm the successful launch and consistent sleeve engagement of the collet at every stage, not only adding validation to the shifting signature observed on the surface treating pressure, but also capturing the pressure increases as the collet traveled through each installed sleeve until landing at the target depth. This unique feature provided the operator with the ability to accomplish a live stage count, monitoring and locating the collet in the wellbore as part of the launching and shifting process throughout the execution of the fracturing operation.

“Our proprietary technology was built from the ground up to raise industry standards in single-point entry fracturing,” said Sean Campbell, president and CEO of Stage Completions. “By fracturing 117 stages in 160 hours, we're changing the expectations of well production for our operators by overcoming the limitations found in conventional completions methods. The completion of this well represents the largest single-point entry fracturing treatment ever conducted in a horizontal well utilizing the Stage System.”

The Stage Completions’ Bowhead II system, launched in May 2016, runs a dissolvable ball on a collet that activates cementable sliding sleeves. It features a constant ID throughout the wellbore, allowing for longer laterals, tighter spacing, higher pump rates and higher sand concentrations. The latest generation of the Stage System, the Bowhead XS, has been engineered for extreme services using an enhanced 8620 carburized material and tungsten reinforced valve profile introducing an erosion resistant trim. The Bowhead technology provides single-point entry fracturing capability to operators, increasing expected ultimate recovery ("EUR") and providing continuous operations with deployment under pressure capability.

Stage Completions has secured commercial orders of 1,881 Bowhead II valves for the month of May, from industry-leading companies in the Montney, Marcellus, Eagle Ford, Bakken, SCOOP / STACK and Permian shale plays. Stage has also experienced market penetration internationally through orders from large state-owned oil companies in the Middle East and China.

Stage Completions technology is seeing rapid global adoption in a variety of downhole conditions, while existing single-point entry is still finding its place in the market. Traditional single-point entry fracturing systems have limitations that fail to meet design-change demands all in a single system. Current market demand calls for unlimited stages, individual frac isolation, extended reach capability, the application of open hole or cased hole, constant ID, and the exclusion of wirelines and coiled tubing. Stage Completions addresses these requirements at lower execution risks. The company’s innovative technology optimizes every fracture treatment to maximize flowback recovery without intervention. The technology redefines completions without the limitations of conventional single-point entry, driving significant renewed interest globally and across diverse markets and geographical regions.

Stage Completions Inc. is a highly innovative completion technology company with a focus on multistage completions in North America and international marketplaces. The company is headquartered in Calgary, AB.

To learn more about Stage Completions Inc., visit http://www.stagecompletions.com.

About Stage Completions Inc.
Stage Completions Inc. is driving the oil and gas completions industry forward with its disruptive technology for downhole single-point entry. The company’s proprietary technology utilizes single-point entry fracturing to increase well productivity and reduce well cost. Founded in 2014, Stage Completions Inc. has quickly challenged the industry standards with record breaking completions times. Today, the company is rapidly expanding worldwide with operations in some of the top well regions including Eagle Ford, Permian, Bakken, STACK, SCOOP and Montney. For more information about Stage Completions Inc., please visit http://www.stagecompletions.com.

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Kristina Kennedy
Kickstand Communications
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